[Form 4/A] Paysign, Inc. Amended Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Paysign, Inc. director and EVP of Operations Joan M. Herman reported an open-market sale of 22,534 shares of common stock at a weighted average price of $7.0133 per share on May 26, 2026. After this transaction, Herman directly holds 836,211 Paysign shares.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan, meaning the trades were scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 22,534 shares ($158,038)
Net Sell
1 txn
Insider
Herman Joan M
Role
EVP, Operations
Sold
22,534 shs ($158K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,534 | $7.0133 | $158K |
Holdings After Transaction:
Common Stock — 836,211 shares (Direct, null)
Footnotes (1)
- Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2025. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.0001 to $7.0249, inclusive. The reporting person undertakes to provide to Paysign, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 22,534 shares
Average sale price: $7.0133 per share
Post-transaction holdings: 836,211 shares
+1 more
4 metrics
Shares sold
22,534 shares
Open-market sale on May 26, 2026
Average sale price
$7.0133 per share
Weighted average sale price
Post-transaction holdings
836,211 shares
Direct ownership after transaction
Price range
$7.0001 to $7.0249
Individual trade prices within sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Form 4/A
4 terms
Rule 10b5-1 trading plan financial
"Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4/A regulatory
"INSIDER FILING DATA (Form 4/A)"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
